US-Iran war news Highlights: Iran, Russia can unite against US ‘unilateralism’, Iran president Pezeshkian says
US-Iran war news Highlights: Iran’s president thanked Russian President Vladimir Putin for Moscow’s position on the Iran war and resulting sanctions. Pezeshkian said Moscow and Tehran can work together to resist what he called US “unilateralism.”
US-Iran war news Highlights: Iran has sufficient foreign currency reserves despite US sanctions, Central Bank Governor Abdolnaser Hemmati said on Tuesday, after US Treasury Secretary Scott Bessent said Tehran was lashing out because it was losing the economic war.
Pezeshkian says Iran will reciprocate if US honours interim deal
Iran's President Masoud Pezeshkian said Tuesday that Tehran would "immediately" reciprocate if the United States returned to a June deal aimed at ending their war.
Trump vows to hit Iran ‘hard’ as fighting resumes
US President Donald Trump on Monday (local time) threatened to hit Iran "hard" after the two sides exchanged fire for the first time after weeks of calm, with Treasury Secretary Scott Bessent vowing to keep a pressure campaign aimed at hobbling Tehran's economy. The conflict, which is now in its sixth month, escalated once again on 30 August after the United States carried out strikes on an Iranian island in the Strait of Hormuz, with the Islamic Republic retaliating quickly by targeting US military targets in the Middle East. Speaking to a Fox News reporter, Trump said, "We're going to hit them hard," and added, "There will be a response."
Oil prices gain as renewed US-Iran fighting revives Strait of Hormuz risks
Oil prices pushed higher on Monday after witnessing their biggest gain in three weeks in the previous session, as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz. West Texas Intermediate traded above $86 after advancing 2.8 per cent in the previous session, while Brent settled near $90 on Monday. Crude eked out a marginal increase in August after a volatile month, with prices buffeted by stop-start efforts to end the war, including pledges by the US to cripple Iran's economy. The US President dismissed concerns that the conflict was draining American firepower, characterising it as a “little war.”
As Middle East fighting flares up, gold holds decline
Gold prices steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates. Bullion was trading around $4,445 an ounce after falling more than 3.5 per cent over the previous two sessions. American forces hit an island in the Strait of Hormuz, and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.
Tanker hit by three 'unknown projectiles' in Hormuz: UKMTO
The United Kingdom Maritime Trade Operations (UKMTO), the British maritime agency, on Monday (local time) said that a tanker was struck by '3 unknown projectiles' in the Strait of Hormuz. The incident occurred after a fresh flare-up in the US-Iran war. In a post on X, the maritime agency said, "A tanker has reported being struck by 3 unknown projectiles whilst completing an outbound transit of the Strait of Hormuz." It added that the incident occurred 17 nautical miles (31 kilometres) east of Khasab, Oman. No casualties or environmental impact had been reported.
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US-Iran war news LIVE: Iran retaliates against US strikes, says it launched ‘decisive operation’
Iran said it launched a “decisive operation” against US bases in the region after fresh US strikes on targets in Iran.
The Islamic Revolutionary Guard Corps said the renewed fighting had “tightened the lock” on the Strait of Hormuz.
Explosions were reported over Jordan’s southern city of Aqaba as Iran said it was retaliating against the US.
Tehran said it launched missiles and drones following the US strikes.
The latest exchange marks a sharp escalation in direct US-Iran fighting, with attacks spreading beyond Iran’s borders.
US-Iran war news LIVE: USforces begin strikes on IRGC targets in Iran, CENTCOM says
US military wrote on social media platform X: "Today at 12 p.m. ET, U.S. forces began striking Islamic Revolutionary Guard Corps (IRGC) targets in Iran. The strikes follow recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against American service members deployed to the region."
US-Iran war news LIVE: Scott Bessent says Strait of Hormuz could become ‘worthless’ in 2 years
US Treasury Secretary Scott Bessent said the Strait of Hormuz could be bypassed by oil pipelines within two years.
Bessent said the strategic waterway could become “like a worthless piece of water” once alternative pipeline routes are developed.
His remarks came amid renewed US-Iran hostilities and fresh tensions around the Strait of Hormuz.
US-Iran war news LIVE: Qatar urges US, Iran to return to talks after fresh strikes, Strait of Hormuz crisis
Qatar called on the United States and Iran to return to negotiations after renewed tit-for-tat attacks.
The US carried out strikes on an Iranian island in the Strait of Hormuz on Sunday, prompting Iran to retaliate against US military targets in the Middle East.
The two sides remain deadlocked after six months of conflict, with Iran restricting traffic through the Strait of Hormuz and the US maintaining a counter-blockade of Iranian ports.
Qatari Foreign Ministry spokesman Majed Al Ansari said attempts to normalise the closure of the Strait would lead to further escalation.
Al Ansari urged both sides to “exercise wisdom” and return to negotiations, saying Qatar is intensifying mediation efforts with its partners.
US-Iran war news LIVE: Putin tells Pezeshkian Russia stands with Iran, vows to maintain trade ties
Russian President Vladimir Putin told Iranian President Masoud Pezeshkian that Moscow stands in solidarity with the Iranian people in their fight for their interests.
Putin said Russia and Iran will maintain their economic and trade relationship despite the current military and political situation.
US-Iran war news LIVE: Iran’s Pezeshkian thanks Putin for backing Tehran amid Middle East war
Iranian President Masoud Pezeshkian thanked Russian President Vladimir Putin for Moscow’s stance during the Middle East war.
The talks marked the first meeting between Pezeshkian and Putin since the conflict broke out.
Pezeshkian expressed gratitude for Russia’s positions during the fighting and what he described as acts of aggression against Iran.
He also thanked Moscow for its stance when the US imposed sanctions on Iran.
Pezeshkian specifically praised Russia’s position toward Iran at the United Nations and other international forums.
The two leaders met on the sidelines of the Shanghai Cooperation Organisation summit in Kyrgyzstan.
US-Iran war news LIVE: Iran, Russia can unite against US ‘unilateralism’, Iran president Pezeshkian says
Iran’s president thanked Russian President Vladimir Putin for Moscow’s position on the Iran war and resulting sanctions.
Pezeshkian said Moscow and Tehran can work together to resist what he called US “unilateralism.”
The two leaders met on Tuesday in Bishkek, Kyrgyzstan.
US-Iran war news LIVE: Oil prices jump 2% as renewed US-Iran fighting sparks supply fears
Oil prices climbed about 2% as renewed fighting between the United States and Iran heightened concerns over disruptions to energy supplies from the Middle East.
Brent crude futures rose $1.65, or 1.82%, to $92.14 a barrel, while US West Texas Intermediate (WTI) crude gained $2.16, or 2.52%, to $87.92 by 1201 GMT.
US-Iran war news LIVE: Two tankers hit by 'unknown projectiles' in Hormuz: security firm
"Unknown projectiles" struck two oil tankers in the Strait of Hormuz overnight, a Greek security firm said Tuesday, following a fresh flare-up in the US-Iran war, AFP reported.
US-Iran war news LIVE: Israeli strikes in Gaza kill three in operation to seize Hamas figure
Heavy Israeli bombardment killed three people in Gaza City on Tuesday, Palestinian health officials said, in what both sides described as an Israeli-backed ground operation to seize a senior Hamas figure, AFP reported.
US-Iran war news LIVE: Iran urges US to comply with interim deal after Trump threatens further strikes
Iran said on Tuesday it would reciprocate if the United States honoured its commitments under a June interim deal on halting their conflict, but tensions remained high after U.S. President Donald Trump threatened Tehran with further strikes, Reuters reported.
US-Iran war news LIVE: Pentagon in Talks With Venezuelan Mogul for Massive Oil Deal
The US government is pursuing a major stake in Venezuelan oil reserves via a potential partnership between the Department of Defense and Alejandro Betancourt, a controversial energy investor who has become a key middleman between the two countries, Bloomberg reported.
US-Iran war news LIVE: Israel faces rate dilemma as Iran war settles and elections Loom
Israel’s central bank is set for a close call on interest rates Tuesday, with forecasters evenly split over whether it will cut for a third straight meeting or hold.
The Bank of Israel will aim to balance subdued inflation and a strong shekel — helped by direct conflict between the Jewish state and Iran being over for now — against fiscal pressures that could potentially build ahead of elections in October.
US-Iran war news LIVE: Iran president offers US olive branch before Putin meeting
Iran's President Masoud Pezeshkian on Tuesday vowed to match any US move to return to a June deal aimed at ending their war, as he prepares to meet Russian counterpart Vladimir Putin at a regional summit.
US-Iran war news LIVE: 'We truly see Iran's powerful presence in this summit,' says IRIB journalist Yusef Salami
Iranian broadcaster IRIB journalist Yusef Salami on Tuesday said that Iran is witnessing "active diplomacy" at the 26th Shanghai Cooperation Organisation (SCO) Summit in Bishkek, highlighting Tehran's engagement with countries participating in the grouping.
US-Iran war news LIVE: Iran says it has enough foreign currency despite US sanctions
Iran has sufficient foreign currency reserves despite US sanctions, Central Bank Governor Abdolnaser Hemmati said on Tuesday, after US Treasury Secretary Scott Bessent said Tehran was lashing out because it was losing the economic war.
US-Iran war news LIVE: US and Iran exchange attacks as hostilities in the Middle East flare
The US and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.
US-Iran war news LIVE: Iran's Pezeshkian says Tehran will reciprocate if US honours interim deal commitments
Iran will immediately reciprocate if the U.S. returns to its commitments under an interim deal signed in June, President Masoud Pezeshkian said on Tuesday at the Shanghai Cooperation Organisation Summit in Bishkek, the Iranian Student News Agency reported.
US-Iran war news LIVE: France's finance minister calls for sustained economic pressure on Tehran
Speaking to Al Jazeera, Roland Lescure said, “France and the European Union have imposed strong economic pressure on Iran for years, and we want to continue doing so.”